| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-123,008 | -115,252 | |||||
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
2,700 | 1,528 | |||||
Gain on disposal of property and equipment | ||||||
-751 | - | |||||
Share-based compensation expense | ||||||
19,631 | 12,433 | |||||
Changes in operating assets and liabilities: | ||||||
Related party accounts receivable | ||||||
1,474 | - | |||||
Prepaid expenses | ||||||
1,099 | -384 | |||||
Other current assets | ||||||
115 | 4 | |||||
Operating lease assets | ||||||
-3,129 | - | |||||
Other assets | ||||||
515 | -55 | |||||
Accounts payable | ||||||
-331 | 979 | |||||
Related party accounts payable | ||||||
81 | - | |||||
Accrued research and development costs | ||||||
-3,064 | 356 | |||||
Operating lease liabilities | ||||||
2,655 | - | |||||
Accrued expenses and other current liabilities | ||||||
-1,556 | 2,018 | |||||
Net cash (used in) operating activities | ||||||
-102,215 | -97,503 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchases of property and equipment | ||||||
6,888 | 3,438 | |||||
Proceeds from sale of property and equipment | ||||||
173 | - | |||||
Net cash (used in) investing activities | ||||||
-6,715 | -3,438 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Gross proceeds from private placement | ||||||
175,000 | - | |||||
Costs associated with private placement | ||||||
10,378 | - | |||||
Proceeds from exercises of stock options and ESPP | ||||||
510 | - | |||||
Transfers from Ironwood | ||||||
46,439 | 100,941 | |||||
Net cash provided by financing activities | ||||||
211,571 | 100,941 | |||||
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-20 | - | |||||
Net decrease in cash, cash equivalents and restricted cash | ||||||
102,621 | - | |||||
Non-cash investing activities | ||||||
Fixed asset purchases in accounts payable and accrued expenses | ||||||
823 | 455 | |||||